How Can Small Businesses in Tulsa and Northeast Oklahoma Prepare Financially for the Holiday Season?

For many small businesses across Tulsa, Broken Arrow and Mayes County, the holiday season can be one of the busiest, and potentially most profitable, times of the year. But increased sales can also mean increased expenses, tighter cash flow and more pressure on day-to-day operations.

So, when should Oklahoma small businesses start financially preparing for the holidays? Before the holiday rush begins.

September is a great time to meet with your local business banker and make sure your financial plan can support the months ahead.

Start With Your Cash Flow

Holiday revenue may come later, but the expenses required to generate those sales often happen now. Inventory, seasonal employees, marketing, equipment and additional operating costs can all require upfront cash.

Review projected cash coming in and going out through year-end. Identifying potential gaps early gives you and your banker time to evaluate solutions before cash gets tight.

Plan Holiday Inventory Early

If your business relies on seasonal inventory, review last year’s sales and determine what needs to be ordered now. Consider supplier pricing, lead times and minimum-order requirements.

Need to make a larger-than-normal inventory purchase? Talk with your banker about how that expense could affect working capital.

Review Your Access to Business Credit

A business line of credit can provide flexibility when expenses and revenue don’t happen at the same time.

If you already have a line of credit, determine whether it still fits your anticipated needs. If you don’t, an experienced local banker can help you understand potential financing options and what information may be needed to apply.

Prepare for the “What Ifs”

What if holiday sales exceed expectations? What if inventory moves slower than anticipated? What if you suddenly need another employee, piece of equipment or additional supplies?

Thinking through different scenarios now can help you make more confident decisions later.

Make Your Local Banker Part of the Plan

At All Capital Bank, we believe business banking is personal. Our bankers work directly with business owners throughout Tulsa, Broken Arrow and Mayes County to understand their businesses, anticipate needs and help them prepare for what’s next.

The holiday season may still feel months away, but financial planning shouldn’t wait.

Seasonal planning starts in September. Start the conversation with your local All Capital Bank banker today.

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